One Source Business Capital

About One Source Business Capital

One Source Business Capital is a Fort Myers, FL based private lender who offers loans throughout Fort Myers. They offer refinancing, fix-and-flip hard money loans, commercial hard money loans, short term bridge loans, and long term rental property loans. They issue rates ranging between 8.99% and 14%, loan amounts ranging from $500,000 to $250,000,000 with a maximum LTV of 70%, and terms between 12 months and 84 months. They will make loans on various property types, including single family, multi family, apartments, office units, retail units, hotels, storage buildings, senior living facilities, mixed use spaces, warehouses, industrial facilities, and medical offices.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical

Areas Served: Fort Myers

Lending Guidelines for One Source Business Capital

Below are the general loan guidelines published on the One Source Business Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by One Source Business Capital.

Loan Example 1

Imogene finds a townhome in Fort Myers, FL to renovate and sell. Since she does not have enough cash available to acquire the $400,000 project outright, she decides to take out a private money loan from One Source Business Capital. Because the lender sets a 55% loan to value, Imogene will have to put 45% down so the amount of the loan will be $220,000. The parameters of the deal dictate a 9% note for 18 months. They also require a 1 point origination fee, that will also have to be paid when the property closes.

Therefore, the borrower will be required to contribute a $180,000 down payment plus pay a $2,200 origination fee. The monthly interest-only payments will then total $1,650 to One Source Business Capital. At the end of the loan, she sells the rehabed house for $600,000. After deducting the $29,700 in total interest payments ($1,650 multiplied by 18 months), the $2,200 origination fee, the $220,000 principle on the loan, and the $180,000 she brought to the closing, she will make a gross profit of $168,100 ($600,000 price minus $431,900 in total costs). This profit would be reduced by any renovation costs paid by Imogene.

Loan Example 2

Tami finds a townhouse in Fort Myers, FL to rehab and sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from One Source Business Capital with the following parameters:

a) A $180,000 sales price, b) a 65% loan-to-value (LTV), c) a 6 month term, d) a 12% interest rate, and e) a 1% origination fee.

Tami intends to sell the property at the end of the term for $261,000. If she accomplishes her goal, the final numbers would be the following:

$261,000 sales price
- $117,000 note principle (65% LTV)
- $63,000 down payment (35% on 65% LTV)
- $1,170 origination fee (1% of the $117,000 principle)
- $7,020 interest payments (6 months x 12% interest)
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= $72,810 gross profit (doesn't include taxes or rehab costs)

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